Latest Flotek Industries Inc. Stories

2014-02-11 08:23:48

HOUSTON, Feb. 11, 2014 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced it has entered into a Letter of Intent (the"LOI") to acquire Plano, Texas based SiteLark, LLC. ("SiteLark"). SiteLark is a leading provider of quality reservoir engineering and modelling services for a variety of hydrocarbon applications. Founded in 2000, SiteLark works around the globe developing innovative solutions to extract information from available data to...

2014-02-10 16:23:25

HOUSTON, Feb. 10, 2014 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (FTK) today announced results for the twelve-months ended December 31, 2013. As reported on Form 10-K filed with the U.S. Securities and Exchange Commission, Flotek reported revenue for the year ended December 31, 2013 of $371.1 million, an increase of $58.2 million, or 18.6%, compared to the year ended December 31, 2012. The increase in revenue was the result of the acquisition of Florida...

2014-02-05 08:22:48

HOUSTON, Feb. 5, 2014 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (FTK) will host a conference call on Tuesday, February 11, 2014 at 7:30 a.m. Central Standard Time to discuss its operating results for the twelve-months and quarter ended December 31, 2013. Flotek intends to provide dial-in information through a press release on February 10, 2014. Flotek plans to file its 10-K after the market close on Monday, February 10, 2014. In addition, the Company will...

2014-01-16 08:22:01

HOUSTON, Jan. 16, 2014 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company') (NYSE: FTK - News) today announced the closing of its purchase of Eclipse IOR Services, LLC ("EOGA") and plans to expand its Enhanced Oil Recovery ("EOR") platform. Total consideration for the purchase was $7,000,000, including $5.25 million in cash and 94,354 shares of Flotek Common Stock. The transaction is effective January 1, 2014. While final year-end financials are pending, the Company estimates...

2014-01-15 08:21:59

HOUSTON, Jan. 15, 2014 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company') (NYSE: FTK) today announced the appointment of David R. McMahon as Vice President of Artificial Lift Technologies and plans to expand the Company's profile in artificial lift. Mr. McMahon has spent the last twenty-two years of his career in the artificial lift industry with various units of Baker Hughes, Incorporated, most recently serving as the Area Manager for the Rocky Mountain region for...

2014-01-14 08:22:36

HOUSTON, Jan. 14, 2014 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company') (NYSE: FTK) today announced preliminary revenue and gross margin results for Fourth Quarter, 2013 and discussed the current status of the Florida citrus market. While the Company is still completing final year-end accounting processes, Flotek believes that revenues for the three-months ended December 31, 2013 should exceed $100 million. Enterprise-wide gross margins should be approximately...

Word of the Day
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  • Present participle of maffle, to stammer.
  • A simpleton.
The word 'maffle' may come from a Dutch word meaning 'to move the jaws' or a French word meaning 'having large cheeks'.